BrightAccountsProduction v1.0.0 v1.0.0 2022-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of a holding company. 25 January 2024 0 0 06895040 2023-05-31 06895040 2022-05-31 06895040 2021-05-31 06895040 2022-06-01 2023-05-31 06895040 2021-06-01 2022-05-31 06895040 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06895040 uk-curr:PoundSterling 2022-06-01 2023-05-31 06895040 uk-bus:AbridgedAccounts 2022-06-01 2023-05-31 06895040 uk-core:ShareCapital 2023-05-31 06895040 uk-core:ShareCapital 2022-05-31 06895040 uk-core:OtherReservesSubtotal 2023-05-31 06895040 uk-core:OtherReservesSubtotal 2022-05-31 06895040 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 06895040 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 06895040 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 06895040 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-05-31 06895040 uk-core:RestatedAmount uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 06895040 uk-core:ForeignCurrencyTranslationReserve 2022-05-31 06895040 uk-core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 06895040 uk-core:ShareCapital 2022-06-01 2023-05-31 06895040 uk-core:ForeignCurrencyTranslationReserve 2022-06-01 2023-05-31 06895040 uk-core:ForeignCurrencyTranslationReserve 2023-05-31 06895040 uk-bus:FRS102 2022-06-01 2023-05-31 06895040 uk-core:CostValuation 2022-05-31 06895040 uk-core:AdditionsToInvestments 2023-05-31 06895040 uk-core:CostValuation 2023-05-31 06895040 uk-core:WithinOneYear 2023-05-31 06895040 uk-core:WithinOneYear 2022-05-31 06895040 uk-bus:OrdinaryShareClass1 2022-06-01 2023-05-31 06895040 uk-bus:OrdinaryShareClass1 2023-05-31 06895040 2022-06-01 2023-05-31 06895040 uk-bus:Director1 2022-06-01 2023-05-31 06895040 uk-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 06895040
 
 
Black Abbey Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 May 2023
Black Abbey Limited
DIRECTOR'S REPORT
for the financial year ended 31 May 2023

 
The director presents their report and the unaudited financial statements for the financial year ended 31 May 2023.
 
Principal Activity
The principal activity of the company is that of a holding company.
     
Results and Dividends
The loss for the financial year amounted to £(159) (2022 - £(145)).
     
Director
The director who served during the financial year is as follows:
     
Pauric Caldwell
   
There were no changes in shareholdings between 31 May 2023 and the date of signing the financial statements.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
Pauric Caldwell
Director
     
25 January 2024



Black Abbey Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 May 2023
2023 2022
Notes £ £

 
Administrative expenses (159) (145)
───────── ─────────
Loss on ordinary activities before taxation (159) (145)
 
Tax on loss on ordinary activities - -
───────── ─────────
Loss for the financial year (159) (145)
───────── ─────────
Total comprehensive income (159) (145)
    ═════════   ═════════



Black Abbey Limited
Company Registration Number: 06895040
ABRIDGED BALANCE SHEET
as at 31 May 2023

2023 2022
Notes £ £
 
Fixed Assets
Investments 5 8,163,774 2,734
───────── ─────────
 
Current Assets
Debtors 1 8,084,992
Cash and cash equivalents 1,697 1,828
───────── ─────────
1,698 8,086,820
───────── ─────────
Creditors: amounts falling due within one year 6 (8,167,490) (8,091,386)
───────── ─────────
Net Current Liabilities (8,165,792) (4,566)
───────── ─────────
Total Assets less Current Liabilities (2,018) (1,832)
═════════ ═════════
 
Capital and Reserves
Called up share capital 7 1 1
Other reserves 8 (27) -
Retained earnings (1,992) (1,833)
───────── ─────────
Equity attributable to owners of the company (2,018) (1,832)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 25 January 2024
           
           
Pauric Caldwell          
Director          
           



Black Abbey Limited
STATEMENT OF CHANGES IN EQUITY
as at 31 May 2023

Called up Retained Foreign Total
share earnings exchange
capital reserve
£ £ £ £
 
At 1 June 2021 1 (1,688) - (1,687)
───────── ───────── ───────── ─────────
Loss for the financial year - (145) - (145)
───────── ───────── ───────── ─────────
At 31 May 2022 1 (1,833) - (1,832)
  ───────── ───────── ───────── ─────────
Loss for the financial year - (159) - (159)
  ───────── ───────── ───────── ─────────
Other movements in equity
attributable to owners - - (27) (27)
  ───────── ───────── ───────── ─────────
At 31 May 2023 1 (1,992) (27) (2,018)
  ═════════ ═════════ ═════════ ═════════



Black Abbey Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 May 2023

   
1. General Information
 
Black Abbey Limited is a company limited by shares incorporated in the United Kingdom. 3rd Floor, 43 Upper Grosvenor Street, London, W1K 2NJ, United Kingdom is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is the local currency of the company. The functional currency of the company changed from Pound (£) to Euro (€) on 1 June 2022.  The company number is 06895040.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 May 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company incurred a loss of £159 for the year ended 31 May 2023. At that date, it had net liabilities totalling £2,018 and was dependant on support from its shareholder to meet its debts as they fell due.

Having made due enquiries and considering the uncertainties described above, the director has a reasonable expectation that the company has and will have adequate resources to continue in operational existence for the foreseeable future. However, this is dependant on the continued support from its shareholder.

For this reason, the director continues to adopt the going concern basis in preparing the financial statements.
       
4. Employees
 
The company had no employees during the year ended 31 May 2023 or the prior financial period.
     
5. Investments
  Group and
  participating
  interests/
  joint ventures
Investments £
Cost
At 1 June 2022 2,734
Additions 8,161,040
  ─────────
At 31 May 2023 8,163,774
  ─────────
Net book value
At 31 May 2023 8,163,774
  ═════════
At 31 May 2022 2,734
  ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Other creditors 8,167,490 8,091,386
  ═════════ ═════════
 
Amounts owed to other creditors are unsecured, interest free and repayable on demand.
           
7. Share capital     2023 2022
      £ £
Description Number of shares Value of units    
 
Allotted, called up and fully paid
Ordinary Shares 1 £1 each 1 1
 
      ═════════ ═════════
   
8. Reserves
 
Foreign exchange reserve
 
On 1 June 2022, the company changed its functional currency to Euro (€). The presentation currency of the company continued to be Pound (£). The effect of the change in functional currency on the equity of the company has been recorded in the exchange reserve.
 
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 May 2023.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.